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Increasing insurance costs lead to rise in amount of IPT collected

By 2024-01-23T11:29:00

costs

’Collections broke £6bn in 2021/22, £7bn in 2022/23 and could now surpass £8bn through this financial year,’ says head

The government collected a total of £2.1bn in insurance premium tax during the third quarter of the current financial year, a new analysis of HMRC tax receipts data by actuarial consultancy OAC has revealed.

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